12.5% Bonus Shares & 5% Dividend Declared by Nepal SBI Bank

Nepal SBI Bank, on its 264th Board Meeting, has declared dividend of 12.5 bonus shares per 100 shares plus 5 percent cash dividend for FY 2066-67. Additionally, the meeting approved the bank's financials and the appropriation for the year.

As per the approved financial statements, Nepal SBI Bank earned operating profit of Rs. 57.3 Crores, a growth of 28.92 percent from total deposit mobilization of Rs. 34.90 billion and disbursement of Rs. 17.96 billion as loans and advances. The bank posted after tax profit of 39.17 Crores during the review year.

The Board has also decided to submitted the proposed divided to the Nepal Rastra Bank for approval to place as agenda for upcoming 17th Annual General Meeting of the Bank.

Source:
Jamb News Service